Is 46166, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46166 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46166 has remained a Seller's Market.

Key Takeaway

46166 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46166, IN

How much do homes in 46166, IN cost?

Median Sold Price

$265,950

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$71,050(+36.5%)

Key Takeaway

Homes in 46166 have sold for 36.5% more than they did a year ago.

Summary: The median home sold price in 46166 was $265,950 in March 2024, up 36.5% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$252.5K
N/A
2 $126K$421.5K
+234.5%
3 $241.9K$257.9K
+6.6%
4 $208K$217.5K
+4.6%
5+ $245K-
N/A

Summary: 46166 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 234.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47433
+56.9%
46166
+36.5%
46151
+3.2%

Housing Supply in 46166, IN

How many homes are available in 46166, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
880.0%

Summary: The 46166 real estate market had 8 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 66
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The 46166 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46166, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 46166 in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 46166, IN

How long does it take to sell a home in 46166, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
80 Days27 Days-65.6%

Summary: Homes in 46166 had an average of 27 days on market in Mar 2024, down by 65.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46166 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in 46166; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in 46166, IN

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